When it comes to Estate Planning, a lot comes down to the titling of assets to avoid Probate. No one wants to pay the probate tax on any assets if that can be avoided.

A Lady Bird deed, also known as an enhanced life estate deed, is a legal document used in estate planning, particularly in Florida, to transfer property to beneficiaries upon the owner’s death without going through probate. It allows the property owner to retain full control and ownership of the property during their lifetime, including the ability to sell, mortgage, or even revoke the deed, while designating beneficiaries who will automatically inherit the property upon the owner’s death, provided it hasn’t been previously sold.

An additional reason to use one is an estate planning tool that enables a Medicaid beneficiary to protect their home from the Medicaid Estate Recovery Program. It allows the home to go to a loved one as an inheritance, rather than go to the state’s Medicaid agency as reimbursement of long-term care costs paid.

*https://www.medicaidplanningassistance.org/lady-bird-deeds

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